Oireachtas Joint and Select Committees
Thursday, 17 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
No, I merely wanted to put on the record that there was a discussion between Mr. Neporent's company and NAMA in respect of Cerberus's engagement with Brown Rudnick. Brown Rudnick obviously was a difficulty for it because of its relationship with PIMCO and Mr. Cushnahan. Mr. Neporent stated that it never mentioned Frank Cushnahan to him when he had a conversation with it. My point is that the first it heard of any association between Mr. Neporent's company and Brown Rudnick was on 2 April, and yet the deal was closed on 4 April. It is more a question for NAMA, as to why it did not conduct more due diligence in regard to all this.
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